Base Rate Term Loans definition

Base Rate Term Loans as defined in Section 2.1.1(b)(i).
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Base Rate Term Loans. Term Loans for which the applicable rate of interest is based upon the Base Rate.
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Base Rate Term Loans means Term Loans or portions thereof which bear -------------------- interest at the rate and in the manner set forth in Section 3.01.
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Examples of Base Rate Term Loans in a sentence

  • Concurrently with prepaying each such Euro-Dollar Term Loan, the Company shall borrow Base Rate Term Loans in an equal principal amount from such Bank (on which interest and principal shall be payable contemporaneously with the related Euro-Dollar Term Loans of the other Banks), and such Bank shall make such Base Rate Term Loans.

  • Each conversion to Base Rate Term Loans shall be in a principal amount of $250,000 or a whole multiple of $50,000 in excess thereof.

  • Each such Term Loan Borrowing shall be in an aggregate amount of (x) $2,000,000 or an integral multiple of $1,000,000 in excess thereof, in the case of a Borrowing of Base Rate Term Loans or (y) $5,000,000 or an integral multiple of $1,000,000 in excess thereof, in the case of a Borrowing of Eurocurrency Rate Term Loans.

  • Such notice must be received by Agent no later than 11:00 a.m. (i) at least two (2) Business Days prior to the requested funding date in the case of Base Rate Term Loans and (ii) at least three (3) Business Days prior to the requested funding date in the case of LIBOR Term Loans.

  • Except as provided in Sections 2.01(h), 2.04(c) and 2.05(c), each Borrowing of or conversion to Base Rate Committed Loans or Base Rate Term Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof.

  • Term Loans may be Base Rate Term Loans or Eurodollar Rate Term Loans, as further provided herein.

  • Upon receipt of such notice, the Company may revoke any pending request for a Borrowing of, conversion to or continuation of Eurocurrency Rate Committed Loans or Eurocurrency Rate Term Loans in the affected currency or currencies or, failing that, will be deemed to have converted such request into a request for a Borrowing of, conversion to or continuation of Base Rate Committed Loans or Base Rate Term Loans, as applicable, in the amount specified therein.

  • All computations of interest on Base Rate Term Loans shall be based upon a year of 365 days or, in the case of a leap year, 366 days, shall be payable for the actual days elapsed (including the first day but excluding the last day), and shall be adjusted in accordance with any changes in the Base Rate to take effect on the beginning of the day of such change in the Base Rate.

  • Each Lender shall, before (x) 12:00 noon (New York City time) on the date of the Borrowing comprising SOFR Term Loans, and (y) 3:00 P.M. (New York City time) on the date of the Borrowing comprising Base Rate Term Loans, make available for the account of its Lending Office to the Administrative Agent at the Agent’s Account, in same day funds, such Lender’s ratable portion of such Borrowing.

  • In the event that the proceeds of any sale, collection or realization are insufficient to pay all amounts to which the Administrative Agent or the holders of the Secured Obligations are legally entitled, the Pledgors shall be jointly and severally liable for the deficiency, together with interest thereon at the Default Rate for Base Rate Term Loans, together with the costs of collection and reasonable attorneys’ fees.


More Definitions of Base Rate Term Loans

Base Rate Term Loans and "Base Rate Revolving Loans": Loans, Term Loans or Revolving Loans (as appropriate) at such time as they accrue interest at a rate based upon the Base Rate.
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Base Rate Term Loans. Interest shall accrue on the principal amount of those Base Rate Loans which are Term Loans outstanding at the end of each day at a fluctuating rate per annum (computed on the actual days elapsed over a year of 360 days) equal the Base Rate.
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Related to Base Rate Term Loans

  • Base Rate Term Loan means a Term Loan that is a Base Rate Loan.

  • Original Term Loans means the "Term Loans" under, and as defined in, the Original Credit Agreement.

  • LIBOR Term Loan means any Term Loan bearing interest at a rate determined by reference to the LIBOR Rate.

  • ABR Term Loan means any Term Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Extended Term Loans has the meaning specified in Section 2.15(a).

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

  • Incremental Term Loan Borrowing Date means, with respect to each Class of Incremental Term Loans, each date on which Incremental Term Loans of such Class are incurred pursuant to Section 2.01(b) and as otherwise specified in any amendment providing for Incremental Term Loans in accordance with Section 2.22.

  • Eurodollar Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Eurocurrency Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • New Term Loans as defined in Section 2.24.

  • Base Rate Revolving Loan means a Revolving Loan that is a Base Rate Loan.

  • Base Rate Option means the option of the Borrower to have Loans bear interest at the rate and under the terms set forth in Section 4.1.1(a)(i) [Revolving Credit Base Rate Option].

  • Incremental Term Loans has the meaning specified in Section 2.14(a).

  • Base Rate Committed Loan means a Committed Loan that is a Base Rate Loan.

  • Base Rate Loans Loans the rate of interest applicable to which is based upon the Base Rate.

  • Base Rate Term SOFR Determination Day has the meaning specified in the definition of “Term SOFR”.

  • Refinanced Term Loans shall have the meaning provided in Section 13.1.

  • Incremental Term Loan Maturity Date means the final maturity date of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Alternative Currency Term Rate means, for any Interest Period, with respect to any Credit Extension:

  • Additional Term Loans means any term loan added pursuant to Section 2.22, 2.23 or 9.02(c)(i).

  • Replaced Term Loans has the meaning assigned to such term in Section 9.02(c).

  • ABR Loans Loans the rate of interest applicable to which is based upon the ABR.

  • Swingline Rate means the Base Rate plus the Applicable Margin applicable to Base Rate Loans.

  • Initial Term Loans means the term loans made by the Lenders on the Closing Date to the Borrower pursuant to Section 2.01(a).

  • New Term Loan Maturity Date means the date on which a New Term Loan matures.

  • Incremental Term Borrowing means a Borrowing comprised of Incremental Term Loans.